Is Metaverse concept inflating shitcoins?

[Blawpaw]

I'm here for quite a while and I have seen all kind of hypes. First, it was Nxt, stacking and PoS concept, then it was Eth and the Dao. Defi and the NFTs have made their stay while the Metaverse is being painted as the next "big thing". Well, I find Defi to be quite an innovation whereas, for NFTs, I already have NFTs since 2014 on the counterparty network which is like, dead. Back in those days, a bunch of wild geese burned their money investing into these projects but they were just unfinished or abandoned\ rug pull projects that never made it. That is a bit of how I see the NFT industry today. A lot of hype and too few good projects. IMO the background is different but the act is the same. While about 95% of all these new coins\tokens will not survive the "cryptowinter" others will come out as winners.

Now, with the metaverse hype, a lot of tokens have been inflated up to mindless prices as is the case of Illuvium. What do you guys think about these "overhypes"?

[magnum1010]

I'm here for quite a while and I have seen all kind of hypes. First, it was Nxt, stacking and PoS concept, then it was Eth and the Dao. Defi and the NFTs have made their stay while the Metaverse is being painted as the next "big thing". Well, I find Defi to be quite an innovation whereas, for NFTs, I already have NFTs since 2014 on the counterparty network which is like, dead. Back in those days, a bunch of wild geese burned their money investing into these projects but they were just unfinished or abandoned\ rug pull projects that never made it. That is a bit of how I see the NFT industry today. A lot of hype and too few good projects. IMO the background is different but the act is the same. While about 95% of all these new coins\tokens will not survive the "cryptowinter" others will come out as winners.

Now, with the metaverse hype, a lot of tokens have been inflated up to mindless prices as is the case of Illuvium. What do you guys think about these "overhypes"?

I share your point of view that shit coins and the majority of NFT-projects are unlikely to survive the "crypto winter". The thing is that people take NFTs as entertainment so they don't see real use-cases of them. Nevertheless, DAOs can be used for solving different real problems of business and management, so projects with good fundamentals are more likely to survive than NFTs.

[apaben]

I'm here for quite a while and I have seen all kind of hypes. First, it was Nxt, stacking and PoS concept, then it was Eth and the Dao. Defi and the NFTs have made their stay while the Metaverse is being painted as the next "big thing". Well, I find Defi to be quite an innovation whereas, for NFTs, I already have NFTs since 2014 on the counterparty network which is like, dead. Back in those days, a bunch of wild geese burned their money investing into these projects but they were just unfinished or abandoned\ rug pull projects that never made it. That is a bit of how I see the NFT industry today. A lot of hype and too few good projects. IMO the background is different but the act is the same. While about 95% of all these new coins\tokens will not survive the "cryptowinter" others will come out as winners.

Now, with the metaverse hype, a lot of tokens have been inflated up to mindless prices as is the case of Illuvium. What do you guys think about these "overhypes"?

I share your point of view that shit coins and the majority of NFT-projects are unlikely to survive the "crypto winter". The thing is that people take NFTs as entertainment so they don't see real use-cases of them. Nevertheless, DAOs can be used for solving different real problems of business and management, so projects with good fundamentals are more likely to survive than NFTs.

of all the projects with the metaverse concept, all seem to have no sign of a shitcoin coin. most of them have great project partners and good teams, I think building a metaverse project requires a lot of capital that is not a little bit of investors are mostly part of the gaming field. that's my view during the emergence of the metaverse. scammers are definitely very difficult to create metaverse-based projects..?

[gbrendeh]

Before you can tag a project having an idea of shitcoin, you must be able to state at least one of two of such and not generalize the concept. The idea that surrounded Metaverse is good as read from this expert opinion, but might not be as quick as the majority wants it. I hope this can come to the limelight and it will reshape our life in terms of travelling, workspace, meeting, shopping etc

[Rahman11]

The Future Vision for the Internet. Tech leaders describe the online world as an extensive place where people and their avatars can work, shop, attend classes and even walk on the moon. The metaverse is loosely defined as an extensive online world where people interact via digital avatars. a crypto metaverse is an immersive virtual world that incorporates blockchain technology and cryptocurrency.

[blockman]

The overhype will determine what shall stay and what's out for the next trend. Just as you've said they've been like that and it's going to be the best to remain in the market. We saw a lot of them become popular and eventually got their own exits and make their project abandoned because the devs have already made enough from it. I think it's very important to know the developers of these projects that you're about to invest because if they're not focused on the project, it's like that history will just repeat itself to the current project you're invested in, nfts or not.